Prineville, Oregon Property Taxes
The median property tax rate in Prineville, OR is 0.57%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Prineville, the typical annual property tax bill reaches $2,198, which is below the national median of $2,690. Property taxes in Prineville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Prineville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Prineville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prineville, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$2,204
Ownwell’s Prineville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prineville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prineville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Prineville, Oregon
Property taxes in Prineville, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prineville is 0.57%, which is significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Prineville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prineville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Prineville's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97754 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Prineville provides valuable insights into the varying tax landscape across Crook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Prineville Tax Rate
0.57%
Average Crook County Tax Rate
0.56%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prineville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97754 | 0.38% | 0.47% | 0.57% | 0.66% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Prineville, Oregon
In Prineville, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Crook County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Prineville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Prineville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 97754, both at $2,198 annually.
Average Prineville Assessed Value
$386,610
Average Crook County Assessed Value
$411,765
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prineville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97754 | $167,313 | $287,198 | $386,610 | $530,585 | $704,511 |
Source: Ownwell
Property Tax Bills Across Prineville, Oregon
In Prineville, located in Crook County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value may differ from the market value, often being lower. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including property size, location, and improvements made to the property. Homeowners in Prineville experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,559, while the 75th percentile reaches approximately $3,007. The 90th percentile can go as high as $4,076. The median home price in Prineville is $386,610, which helps contextualize these tax amounts. When compared to the national median property tax rate of 0.99%, homeowners in Prineville may find their property taxes relatively moderate, depending on their property's assessed value. This calculation method ensures that property taxes are distributed fairly based on property values and improvements.
Average Prineville Tax Bill
$2,198
Average Crook County Tax Bill
$2,320
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Prineville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97754 | $820 | $1,559 | $2,198 | $3,007 | $4,076 |
Source: Ownwell